Estee Lauder may acquire the owner of the MAC, Clinique, and Charlotte Tilbury brands. Two major deals with Japanese companies ↗️ Jefferies Financial Group (JEF) +7%. The Financial Times reports that Japan's Sumitomo Mitsui Financial Group may acquire the American bank. ↗️ Netgear (NTGR) +12%. A manufacturer of networking equipment for small and medium-sized businesses and home users. The US Federal Communications Commission has decided to ban the import of new foreign-made consumer wireless routers. ↘️ Concentrix (CNXC) –9%. The company provides technology solutions in the field of customer experience (CX) globally. Its quarterly and full-year earnings per share and revenue guidance came in below consensus. ↗️ JFrog (FROG) +3%. A DevOps platform that enables software package management at any scale. UBS analysts upgraded the company from Neutral to Buy. ➖ Estee Lauder (EL) 0%. Shares fell 7% before the close yesterday. The Wall Street Journal reported that the cosmetics giant is in talks to acquire Spanish fragrance maker Puig Brands. The deal could combine the MAC, Clinique, Charlotte Tilbury, and Jean Paul Gaultier brands. ↗️ Smithfield Foods (SFD) +5%. A producer of packaged meat and meat products in the United States. Earnings per share and revenue came in above expectations, and the company raised its dividend. ↘️ Core & Main (CNM) –2%. A company in the water supply, wastewater, storm drainage, and fire protection sectors. Results were mixed: earnings per share exceeded consensus, but revenue came in slightly below expectations. The full-year revenue forecast also fell short of estimates. ↘️ Apollo Global Management (APO) –3%. The company will acquire Japan's NSG Group for $3.7B. This is Apollo's largest private equity investment in Japan. NSG Group serves original equipment and aftermarket replacement glass markets, as well as specialty products, including lenses for printers and scanners, fiberglass, and glass flakes.